Aker Carbon Capture ASA announces that SLB Capturi and Aker Solutions win contract to deliver carbon capture solution for Hafslund Celsio

27 Jan 2025 08:12 CET

Aker Carbon Capture (ACC ASA), an Aker Horizons portfolio company, today
announced that SLB Capturi, in collaboration with Aker Solutions, has been
awarded an engineering, procurement, construction, installation and
commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon
capture solution at their waste-to-energy facility at Klemetsrud, Oslo.

Hafslund Celsio is Norway's largest district heating supplier and the owner and
operator of Norway's largest waste-to-energy plant. Hafslund Celsio's carbon
capture project is part of Longship, the Norwegian Government's full value-chain
carbon capture and storage project.

The contract award includes delivery of a carbon capture plant, liquefaction
system, temporary storage, and loading facility at the waste incineration site.
It also includes an intermediate CO2 storage and ship loading system at Oslo
harbor, from where the CO2 will be transported to the Northern Lights permanent
storage facility on the Norwegian continental shelf. When operational, which is
anticipated by third quarter, 2029, the carbon capture plant is expected to
capture 350,000 metric tons of CO2 annually.

The EPCIC award follows a cost reduction phase for Hafslund Celsio's project,
which identified opportunities for efficiencies, including layout
optimization. Innovative capture technology design enables the project to move
forward. The project will now be delivered based on SLB Capturi's modularized
Just Catch 400 unit. The space-efficient Just Catch design has been fundamental
to enabling a viable, cost-effective solution by reducing onsite footprint,
installation, and outfitting work.

ENDS

For further information, please contact:

Jonas Gamre, Investor Relations, Tel: +47 97 11 82 92,

jonas.gamre@akerhorizons.com

Mats Ektvedt, Media, Tel: +47 41 42 33 28,

mats.ektvedt@corporatecommunications.no

About Aker Horizons:

Aker Horizons develops green energy and green industry to accelerate the
transition to Net Zero. The company is active in renewable energy, carbon
capture and sustainable industrial assets. As part of the Aker group, Aker
Horizons applies industrial, technological and capital markets expertise with a
planet-positive purpose to drive decarbonization globally. Aker Horizons is
listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across
its portfolio, the company is present on five continents.

www.akerhorizons.com

About Aker Carbon Capture

Aker Carbon Capture ASA was established as a separate entity in 2020, building
on more than 20 years long experience and maturation of the carbon capture
technology within Aker. Following an agreement with SLB, a joint venture
betweenSLB and Aker Carbon Capture was established in June 2024. The JV, SLB
Capturi, is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture
ASA owning 20%, two strong companies with proven track record of building
successful industrial businesses positioned for substantial growth.

More information:
Access the news on Oslo Bors NewsWeb site